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Majority of Asian treasurers confident of business and global economic prospects

Jun 2nd 2014 | Asia

22 MAY, SINGAPORE - A majority of senior treasury and finance professionals in Asia feel more positive about the prospects for their business over the coming 12 months.

This was the key finding of the "Treasury Verdict" session taken by a live audience poll of senior treasury and finance professionals at EuroFinance's 20th anniversary conference on Cash, Treasury & Risk for Finance Professionals in Asia, held in Singapore.

Nearly six out of every 10 Asian treasurers (58%) are positive about the prospects for their business over the next year. Just 18% are less confident, while 24% predict that their business will fare the same as this year. Asian treasurers also became the first to demonstrate the same confidence in the prospects for the global economy as they do in their own business, with 58% feeling more confident about global economic prospects over the coming 12 months.

Looking to the future, treasury and finance professionals in Asia are hugely positive about the region's economic prospects over the next 20 years compared to the past 2 decades. A majority 77% feel more optimistic about Asia's economic prospects during this time, while 23% disagree with this sentiment.

Katharine Morton, EuroFinance's Editorial Director, says: "The positivity in Asia is still clearly palpable, despite certain structural issues. There is a high potential for growth, both for businesses and in terms of GDP per capita. Celebrating EuroFinance's 20 years in Asia, it is fitting that the region's treasury and finance professionals feel so positive about the next 20 years."